Affle 3i Limited Reports Compliant Fund Utilization of Rs 737.43 Crore Preferential Issue
Affle 3i Limited has submitted its monitoring agency report for Q3 2025, detailing the utilization of Rs 737.43 crore raised through a preferential issue. The company has used Rs 238.32 crore across various objectives including technology development, subsidiary liability repayment, and general corporate purposes. The remaining Rs 499.11 crore is deployed in fixed deposits and mutual funds. All projects are on schedule for completion by March 2027, with no material deviations from the stated objectives.

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Affle 3i Limited , a prominent player in the advertisement technology sector, has submitted its monitoring agency report for the quarter ended September 30, 2025, detailing the utilization of proceeds from its recent preferential issue. The report, prepared by ICRA Limited, confirms that the company has adhered to the stated objectives of the issue without any material deviations.
Fund Raising and Allocation
Affle 3i raised Rs 749.02 crore through the issuance of 69 lakh equity shares at Rs 1,085.54 per share. After accounting for higher-than-expected issue-related expenses, the net proceeds were revised to Rs 737.43 crore. The company has allocated these funds across various objectives:
| Objective | Allocation (Rs Crore) | Utilization (Rs Crore) | Remaining (Rs Crore) |
|---|---|---|---|
| Technology Development | 335.00 | 37.58 | 297.42 |
| Inorganic Growth | 150.00 | 0.00 | 150.00 |
| Subsidiary Liability Repayment | 75.00 | 75.00 | 0.00 |
| General Corporate Purposes | 177.43 | 125.74 | 51.69 |
| Total | 737.43 | 238.32 | 499.11 |
Utilization Highlights
During the quarter, Affle 3i utilized Rs 238.32 crore across its stated objectives:
- Rs 37.58 crore for technology development
- Rs 75.00 crore for repaying subsidiary liabilities
- Rs 125.74 crore for general corporate purposes, including working capital requirements and loan repayment
Deployment of Unutilized Funds
The company has deployed the unutilized funds of Rs 499.11 crore in a mix of fixed deposits and mutual funds across various banks:
- Fixed deposits with Axis Bank Singapore, HDFC Bank, Kotak Mahindra Bank, and Axis Bank
- Investments in HDFC Overnight Fund and Axis Overnight Fund
- Small amounts maintained in current accounts for liquidity
Project Timeline
All projects associated with the fund utilization remain on schedule, with completion targeted for March 2027. The monitoring agency report confirms that there are no delays in the implementation of the stated objectives.
Compliance and Transparency
ICRA Limited, the appointed monitoring agency, has declared that the report provides an objective view of the utilization of issue proceeds. The agency confirmed that there are no material deviations from the objects of the issue, and all utilization is in line with the disclosures made in the offer document.
Affle 3i's commitment to transparency is evident in its timely submission of the monitoring agency report, which is in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company's allocation of funds and adherence to its stated objectives demonstrate a focused approach towards enhancing its technological capabilities, managing liabilities, and strengthening its overall financial position in the advertisement technology sector.
Historical Stock Returns for Affle 3i
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.15% | -1.34% | -12.58% | -6.65% | -4.49% | +120.00% |








































